Porsche Gives Taycan Name To Road-Going Mission E Concept

We'll have more, including a first drive of the Taycan, as soon as we get it.

The name, which is derived from Turkish, according to Porsche, and translates as "lively young horse", is a reference to the prancing steed at the center of Porsche's shield-shaped logo.

Porsche debuted the Mission E concept more than two years ago, but when the electric sports auto goes into production, it will feature a different name.

Porsche has officially announced the name of its new electric GT vehicle and it's Porsche Taycan (pronounced "tie-can"). Porsche claimed this would allow the Taycan production vehicle to cover 0-62mph in under 3.5 seconds, hit a top speed of 155mph and cover upwards of 300 miles on a single charge. Porsche CEO Oliver Blume told us: "We will think of different options and there will be more than one, with different levels of power".

Porsche has said it plans to double its investment in hybrid and fully electric vehicles to more than 6 billion euros (£5.2 billion) by 2022 as parent Volkswagen (VOWG_p.DE) seeks to overcome an emissions-cheating scandal and tap into growing demand for greener transportation.

To boost that range quickly, the vehicle will have 800-volt charging technology. Range is equally important, and there Porsche has suggested that the Taycan will go over 300 miles on a full charge of its 90 kilowatt-hour battery pack.

Porsche AG named its first auto to directly compete with electric leader Tesla Inc. the Taycan, as the German manufacturer gears up for what will arguably be its most ambitious and potentially risky vehicle project ever.

The central location of the batteries and twin-motor set-up will also give the car's technical architecture a better front-rear weight balance than combustion-engined cars, potentially allowing Porsche's engineers to soften the car's anti-roll bars to aid ride without hindering handling. The company says the Taycan will be able to go from 0 to 100 kph in 3.5 seconds and will have a range of 500 km and rapid 800-volt charging.